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THE GRAPH – ALTCOIN CHART

 


The Graph (GRT) has lost over 17% at times over the past two days and appears to be stabilizing somewhat. Right now we are trading around $0.10 on an oversold RSI.


Right now we are in a fragile zone where there is no real support or resistance. On the downside, we have significantly more potential to retest the $0.098 area.


There is the beginning of the impulsive pump from 07/27/2022. This could still be filled before we see any backlash to the upside. Therefore, another, small correction can be expected on the smaller time units.


On the daily chart, we still have some room to lose on the RSI, although the correction since the last high has been over 30%. Nevertheless, here we can clearly see the gap we talked about above.


Yesterday's volume was also relatively high, so there's a higher chance we'll go lower again. However, this could have been the ground first.


Due to the rapid sell-off of the last few days, we have no upward resistance and we could see a recovery. This should get us at least up to around USD 0.12. Should we be rejected here, we must expect new lows.

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